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Lightspeed Commerce

Lightspeed Commerce is a Montreal company selling point-of-sale and commerce software to retailers and restaurants worldwide. Dax Dasilva founded it in 2005, stepped down as CEO in 2022 and returned in 2024. Revenue reached $1.23 billion in the fiscal year ended March 2026.

Commerce softwareMontrealFounded 2005lightspeedhq.com
$1,227.0Mrevenue in fiscal 2026 (year ended 31 March 2026), up 14%Lightspeed FY2026 results
$290.8Mfourth-quarter fiscal 2026 revenue, with gross profit up 15% year over yearLightspeed FY2026 results
~3,200net customer locations added in the fourth quarter of fiscal 2026Lightspeed FY2026 results

The people

DD
Dax DasilvaFounder & CEOprofile coming

What they build

Lightspeed RetailPoint of sale, inventory and payments for independent retailers.Product page ↗
Lightspeed RestaurantPoint of sale, ordering and payments for hospitality operators.Product page ↗

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Working at Lightspeed Commerce

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Open roles on the TechTO Job Board ↗Or their own careers page: lightspeedhq.com/careers ↗

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About

Dax Dasilva founded Lightspeed in Montreal in 2005 and ran it for sixteen years, through a 2019 listing and an aggressive acquisition run, before stepping down as CEO in February 2022. He returned to the role in 2024. The company sells point-of-sale, payments and commerce software to independent retailers and restaurants, and reports its results in US dollars on a fiscal year ending 31 March. Fiscal 2025 was the first year revenue passed $1 billion; fiscal 2026 closed at $1,227.0 million, up 14 percent, with fourth-quarter revenue of $290.8 million, gross profit up 15 percent year over year, and about 3,200 net customer locations added in the quarter. Yamine Gluchow, its vice-president of information systems, is in this directory for an earlier TechTO MarketingTO talk given while at DAVIDsTEA.

Backers

Publicly traded on the NYSE and TSX as LSPD.

Quick answers

What does Lightspeed Commerce do?

It sells point-of-sale, payments and commerce software to independent retailers and restaurants worldwide, from Montreal. It trades on the NYSE and TSX as LSPD.

Who founded Lightspeed?

Dax Dasilva, in Montreal in 2005. He led it for sixteen years, stepped down as CEO in February 2022, and returned to the role in 2024.

How big is Lightspeed?

Revenue was $1,227.0 million in fiscal 2026, the year ended 31 March 2026 — up 14 percent, with about 3,200 net customer locations added in the fourth quarter alone.

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Maintained by TechTO · facts sourced and dated · last reviewed Aug 30, 2026